<html xmlns="http://www.w3.org/1999/xhtml">
<head>
<title></title>
</head>
<body>
<div name="messageBodySection">
<div dir="auto">Hi All,<br />
Just a heads up that the BMC has been informed that there are some mandatory upgrades that are required before the lift can be rectified which is done each year.<br />
So far, we have received a single quote of around $15k. I have asked that we get some further quotes but assuming that they will not be too much different from the incumbent, there will likely be a $15k expense in the BMC for the upgrades.<br />
I think from memory, our Strata bears 95% of the cost of the lift. So most of the cost will be with our strata.</div>
</div>
<div name="messageSignatureSection"><br />
Matt</div>
</body>
</html>